Thailand's Crypto Travel Rule Requires Exchanges to Share Identity Data by 2027

Thailand's Securities and Exchange Commission (SEC) has finalized a Crypto Travel Rule framework that will require licensed digital asset operators to collect and share identity data on nearly all external cryptocurrency transfers. The rule takes effect on February 27, 2027, following a 180-day implementation period after its publication in the Royal Gazette.

The regulation applies to both incoming and outgoing transfers above 30,000 Thai Baht ($880), and requires operators to verify wallet ownership or control for self-hosted wallets. Basic identifying information about recipients must be collected on all external transfers, regardless of size. Operators have six months to build compliant data-sharing systems, which will transmit originator and beneficiary data alongside blockchain transfer instructions automatically.

The Crypto Travel Rule aligns Thailand with FATF Recommendation 16 and similar frameworks in the EU and South Korea. The regulation aims to reduce the risk of digital asset operators being used for money laundering and terrorist financing, particularly for high-volume stablecoin transfers like USDT.